Chicago Investment Analysis

Investment Property in Chicago, IL

Discover Investment Performance Rent Prices Top Properties Top Neighborhoods Attractions Insights

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Chicago

Real estate investing in Chicago is more lucrative than most people might think. Airbnb has to proved to be a great channel in providing returns in this pricey city. The market analysis shows the great opportunities in renting out entire investment properties as oppose to individual rooms on Airbnb.

Chicago has similar real estate market trends as other big cities, such as New York City, but the property prices are less than half of New York City. The average rent to home price ratio is higher in Chicago than in other parts of the country, and the Chicago metro area continues to see increasing rent rates. This opens up great real estate investing opportunities because housing is cheaper in Chicago and rent is increasing. There is such a high demand from students and employees from various industries, making buy-and-holds optimal. Tourism also drives a demand for short-term rentals.

Chicago is one of the few cities that has an abundant supply of multi-family homes, which have low selling prices and high rental rates, making positive cash-flow very feasible.

Chicago, IL Real Estate Investment Performance

PROPERTY SALE PRICE

$ 369,000

Median

1,733

Avg/Sq.ft.

CASH ON CASH RETURN

3.00%

Traditional

N/A

Airbnb

RENTAL INCOME

$ 2,342

Traditional

$ 1,841

Airbnb

RENTAL INCOME

$ 2,342

Traditional

$ 1,841

Airbnb

NUMBER OF PROPERTIES

3,945

Investment

52,722

Airbnb

8,046

Traditional

31%

Airbnb occupancy rate

Chicago, IL Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 1,317	$ 1,553	$ 1,678	$ 1,737
Traditional	$ 1,494	$ 1,859	$ 2,439	$ 3,256

Airbnb

1 ROOM	$ 1,317
2 ROOMS	$ 1,553
3 ROOMS	$ 1,678
4 ROOMS	$ 1,737

Traditional

1 ROOM	$ 1,494
2 ROOMS	$ 1,859
3 ROOMS	$ 2,439
4 ROOMS	$ 3,256

Predict Short-Term Rental Revenue

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Investment Properties for Sale in Chicago, IL

$212,000

MLS 12486615

415 W 62nd Street, Chicago, IL 60621

Englewood

Multi Family

6 beds 3 baths N/A sq.ft.

CAP RATE Trad. 9.22% Airbnb 10.20%

City Name	Property price	Cash on cash return		Rental Income		No. of Properties	Airbnb Occupancy Rate
City Name	Median	traditional	Airbnb	traditional	Airbnb	No. of Properties	Airbnb Occupancy Rate
Springfield	$184,900	9%	4%	$2,048	$1,759	325	41%
Rockford	$224,900	7%	2%	$1,958	$1,470	318	32%
Joliet	$310,000	5%	1%	$2,369	$1,840	256	24%
URBANA	$249,950	6%	1%	$2,214	$1,869	104	31%

$ 369,000

Median

1,733

Avg/Sq.ft.

3.00%

Traditional

N/A

Airbnb

$ 2,342

Traditional

$ 1,841

Airbnb

$ 2,342

Traditional

$ 1,841

Airbnb

3,945

Investment

52,722

Airbnb

8,046

Traditional

31%

Airbnb occupancy rate

$339,000

Median for city

8.64%

Traditional

10.14%

Airbnb

$ 1,066

Traditional

$ 1,858

Airbnb

42%

Airbnb occupancy rate

$339,000

Median for city

9.89%

Traditional

14.16%

Airbnb

$ 1,076

Traditional

$ 2,304

Airbnb

45%

Airbnb occupancy rate

$339,000

Median for city

5.97%

Traditional

10.54%

Airbnb

$ 1,249

Traditional

$ 2,714

Airbnb

53%

Airbnb occupancy rate

$339,000

Median for city

10.32%

Traditional

11.01%

Airbnb

$ 1,165

Traditional

$ 1,948

Airbnb

41%

Airbnb occupancy rate

$339,000

Median for city

5.33%

Traditional

8.16%

Airbnb

$ 1,109

Traditional